PROSHARES SHORT 7-10 YR TSY (TBX) Stock Technical Analysis
USA - NYSEARCA:TBX - US74348A6082 - ETF
27.9023 USD
-0.06 (-0.22%)
27.8401 USD
-0.06 (-0.22%)
We assign a technical rating of 0 out of 10 to TBX. TBX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, TBX is a bad performer in the overall market: 73% of all stocks are doing better.
TBX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: TBX has an average volume of 3500 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month TBX has a been trading in a tight range between 27.80 and 28.12.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TBX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 27.86, a Stop Loss order could be placed below this zone.
More info and screens
27.38
30.69
We found 1 important support area.
- A support zone ranging from 27.66 to 27.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 27.90 to 29.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @29.57 from a horizontal line in the daily time frame.
- A resistance zone ranging from 30.05 to 30.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for TBX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TBX is down. |
| ChartMill Relative Strength | 27.74 | NEGATIVE | TBX has a low relative strength, it was outperformed by 72.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TBX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TBX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TBX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.56 | NEUTRAL | The RSI value for TBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TBX has a positive trend. |
| Stochastics (14,3) | 36.18 | NEUTRAL | The Stochastics value for TBX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for TBX suggests low volalility. |
| Average Directional Index/ADX (14) | 17.28 | NEGATIVE | The low ADX value for TBX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
27.9023
-0.06 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.22%
1 Week-0.04%
2 Weeks-0.53%
1 Month-0.11%
3 Month-2.34%
6 Month-3.45%
12 Month-3.4%
2 Year-10.97%
3 Year-4.25%
5 Year16.4%
10 Year-4.8%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.29%
ATR Inc-9.66%
Range Today0.03
ADR(20)0.04
ADR(20)%0.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.74
Mansfield-1.34
10 Day High28
10 Day Low27.8
20 Day High28.12
20 Day Low27.8
52 Week High30.16
52 Week Low27.37
CS1 End27.86
CR1 Start27.9
Volume & EV
DER(3)0%
DER(5)0%
Volume500
Volume Incr-38.81%
Vol(5)1.34K
Vol(50)3.50K